Corporate Vulnerabilities in the Middle East, North Africa, and Pakistan in the Wake of COVID-19 Pandemic

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Corporate Vulnerabilities in the Middle East, North Africa, and Pakistan in the Wake of COVID-19 Pandemic by : Nordine Abidi

Download or read book Corporate Vulnerabilities in the Middle East, North Africa, and Pakistan in the Wake of COVID-19 Pandemic written by Nordine Abidi and published by International Monetary Fund. This book was released on 2022-04-29 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes corporate vulnerabilities in the Middle East, North Africa and Pakistan (MENAP hereafter) in the wake of the COVID-19 pandemic shock. Using a sample of nearly 700 firms from eleven countries in MENAP, we assess the non-financial corporate (NFC) sector’s liquidity and solvency risk and viability over the medium term under different stress test scenarios. Our findings suggest that the health crisis has exacerbated vulnerabilities in the corporate sector, though the effects are heterogenous across the region. Small firms, which entered the pandemic in a more vulnerable position, would remain under high liquidity stress over the medium term, putting a substantial share of these firms’ debt at risk of default. Similarly, liquidity needs of firms in contact-intensive sectors have also worsened and would remain elevated in 2022-23. We also show that an adverse scenario of subdued growth and premature withdrawal of policy support would impair the capacity to service interest expenses, especially among small firms, resulting in higher insolvency risk. Overall, our results indicate that some segments of the MENAP corporate sector could remain reliant on policy support during the recovery phase and that structural reforms are critical to save distressed but viable firms from bankruptcy and ensure an efficient liquidation of “zombie” firms.

COVID-19 in the Middle East and North Africa

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (126 download)

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Book Synopsis COVID-19 in the Middle East and North Africa by : Eckart Wörtz

Download or read book COVID-19 in the Middle East and North Africa written by Eckart Wörtz and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The COVID-19 Pandemic in the Middle East and North Africa

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000653692
Total Pages : 208 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis The COVID-19 Pandemic in the Middle East and North Africa by : Anis Ben Brik

Download or read book The COVID-19 Pandemic in the Middle East and North Africa written by Anis Ben Brik and published by Taylor & Francis. This book was released on 2022-09-23 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically reflects on the responses to the COVID-19 pandemic in the Middle East and North Africa (MENA) by exploring the impact and possible future outcomes in a region already struggling with the effects of a decade of uprisings, failed or difficult political transitions, state collapses, civil war and international conflict. International scholars offer a comprehensive treatment of today's major societal issues and provide a unique, broadly comparative view on public policy responses in the MENA region. Addressing the implications and public policy responses to the crisis, they bring a critical perspective to the emerging challenges of evidence-based policy making; the locus of authority in transnational issues; the nature of governance; and the role of government and implications for civil society. Tackling the psychology, sociology, education, law, and public policy issues related to the social and economic implications of the COVID 19 pandemic, this book will be of interest to scholars and students alike.

The MENA Region and COVID-19

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Publisher :
ISBN 13 : 9781032145860
Total Pages : pages
Book Rating : 4.1/5 (458 download)

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Book Synopsis The MENA Region and COVID-19 by : Zeina Hobaika

Download or read book The MENA Region and COVID-19 written by Zeina Hobaika and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The region commonly referred to as Middle East and North Africa (MENA), comprising some of the world's richest countries next to some of the world's poorest, offers excellent insights into the discriminatory consequences of the COVID-19 pandemic. While in its early stage, the coronavirus was said to not discriminate between rich and poor concerning its infectiousness, its consequences differ markedly: financially sound societies can afford economic shutdowns, yet citizens in less affluent countries lack the opportunity of not going to work - if they even have the "luxury" of seeing a doctor. Similarly, keeping kids out of school for months can be compensated for (at least partly) through excellent learning conditions at home, but children from families with less resources usually lack the equipment necessary. The multidisciplinary case studies collected in this edited volume reveal that the coronavirus's impact patterns are to a large extent a question of two variables: governance performance and socioeconomic potency. Therefore, while its geographic focus is on the MENA region, the book's analyses go far beyond and have implications for the comparative study of the COVID-19 pandemic and its broad impact on societies around the globe"--

Early Lessons from Social Protection and Jobs Response to COVID-19 in Middle East and North Africa Countries

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Early Lessons from Social Protection and Jobs Response to COVID-19 in Middle East and North Africa Countries by : Alex Kamurase

Download or read book Early Lessons from Social Protection and Jobs Response to COVID-19 in Middle East and North Africa Countries written by Alex Kamurase and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries in the Middle E ...

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2023-12-14 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GCC region’s non-hydrocarbon growth momentum remains strong, driven by higher domestic demand, increased gross capital inflows, and reform implementation. Oil production – which depends on OPEC+ decisions – will be subdued in the near term. Inflation is contained and current account surpluses are high. Fiscal balances remain healthy, supported by fiscal reforms and high oil prices. The primary non-oil deficits are expected to decrease to 24 percent of GDP by 2028, with higher non-oil revenue reflecting sustained fiscal and structural reforms and contained expenditures. High global uncertainty is weighing on the outlook.

Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513590820
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses by : Mr. Thierry Tressel

Download or read book Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses written by Mr. Thierry Tressel and published by International Monetary Fund. This book was released on 2021-08-06 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability and solvency. For this purpose, we develop novel multi-factor sensitivity analysis and dynamic scenario-based stress test techniques to assess the impact of shocks on firm’s ability to service their debt, and on their liquidity and solvency positions. Applying the October 2020 WEO baseline and adverse scenarios, we find that a large share of publicly-listed firms become vulnerable as a result of the pandemic shock and additional borrowing needs to overcome cash shortfalls are large, while firm behavioral responses and policies substantially help overcome the impact of the shock in the near term. Looking forward, while interest coverage ratios tend to improve over time after the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial in many firms across countries and across industries, while insolvencies rise over time in specific industries. To inform policy debates, we offer an approach to a triage between viable and unviable firms, and find that the needs for liquidity support of viable firms remain important beyond 2020, and that medium-term debt restructuring needs and liquidations of firms may be substantial in the medium-term.

Global Economic Prospects, June 2020

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464815801
Total Pages : 402 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, June 2020 by : World Bank Group

Download or read book Global Economic Prospects, June 2020 written by World Bank Group and published by World Bank Publications. This book was released on 2020-07-07 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers' immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.

Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513576518
Total Pages : 85 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis by : Luc Eyraud

Download or read book Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis written by Luc Eyraud and published by International Monetary Fund. This book was released on 2021-06-08 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.

International Monetary Fund Annual Report 2021

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Publisher : International Monetary Fund
ISBN 13 : 1513568817
Total Pages : 74 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department

Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

The Promise of Fintech

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Publisher : International Monetary Fund
ISBN 13 : 1513512242
Total Pages : 83 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Promise of Fintech by : Ms.Ratna Sahay

Download or read book The Promise of Fintech written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2020-07-01 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.

Global Health and the Future Role of the United States

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Publisher : National Academies Press
ISBN 13 : 0309457637
Total Pages : 385 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Global Health and the Future Role of the United States by : National Academies of Sciences, Engineering, and Medicine

Download or read book Global Health and the Future Role of the United States written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-10-05 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: While much progress has been made on achieving the Millenium Development Goals over the last decade, the number and complexity of global health challenges has persisted. Growing forces for globalization have increased the interconnectedness of the world and our interdependency on other countries, economies, and cultures. Monumental growth in international travel and trade have brought improved access to goods and services for many, but also carry ongoing and ever-present threats of zoonotic spillover and infectious disease outbreaks that threaten all. Global Health and the Future Role of the United States identifies global health priorities in light of current and emerging world threats. This report assesses the current global health landscape and how challenges, actions, and players have evolved over the last decade across a wide range of issues, and provides recommendations on how to increase responsiveness, coordination, and efficiency â€" both within the U.S. government and across the global health field.

Navigating COVID-19 in Asia and the Pacific

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292623567
Total Pages : 324 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Navigating COVID-19 in Asia and the Pacific by : Bambang Susantono

Download or read book Navigating COVID-19 in Asia and the Pacific written by Bambang Susantono and published by Asian Development Bank. This book was released on 2020-09-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Coronavirus disease (COVID-19) has unleashed unparalleled challenges. At the same time, it offers a window to rethink Asia’s most fundamental development policies and strategies to address inequality, socioeconomic vulnerability, and environmental challenges. This publication gathers blogs and short policy pieces contributed by ADB staff and experts in an attempt to tackle immediate challenges and prepare for what may lie beyond the horizon. It covers a broad range of development challenges and highlights the crucial role of rapid adoption of digital technologies, adequate supply of quality infrastructure, disaster risk management, and strengthening regional cooperation for a resilient and sustainable future by shaping post-pandemic conditions.

Global Economic Prospects, June 2021

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Publisher : World Bank Publications
ISBN 13 : 1464816662
Total Pages : 339 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, June 2021 by : World Bank

Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Impact of the Covid-19 Pandemic on Trade and Development

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Author :
Publisher :
ISBN 13 : 9789211130003
Total Pages : 115 pages
Book Rating : 4.1/5 (3 download)

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Book Synopsis Impact of the Covid-19 Pandemic on Trade and Development by : United Nations Publications

Download or read book Impact of the Covid-19 Pandemic on Trade and Development written by United Nations Publications and published by . This book was released on 2021-03-31 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report fosters understanding of the impact of COVID-19 (coronavirus) on trade and development and reflects on actions that can propel us to the future we want. It provides up-to-date data and analysis on the impact of COVID-19 on trade and development; identifies sustained trends to characterize the "new normal"; and provides policy recommendations to build a more resilient, inclusive and sustainable future.

Policy Actions for COVID-19 Economic Recovery

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292629263
Total Pages : 242 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Policy Actions for COVID-19 Economic Recovery by : Ramesh Subramaniam

Download or read book Policy Actions for COVID-19 Economic Recovery written by Ramesh Subramaniam and published by Asian Development Bank. This book was released on 2021-07-01 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Policy Actions for COVID-19 Economic Recovery (PACER) Dialogues were held from June to September 2020 as the coronavirus disease (COVID-19) pandemic accelerated around the world. They shared cutting-edge knowledge and best practices to help countries in Southeast Asia and the People's Republic of China strengthen cooperation to mitigate the devastating effects of COVID-19 and accelerate their economic recovery. This compendium of 13 policy briefs summarizes the discussions, recommendations, and actionable insights from the PACER Dialogues.